To improve supervision of Government Sponsored Enterprises.
Federal Enterprise Oversight Act of 1991 - Title I: Establishment of the Federal Enterprise Oversight Board - Establishes the Federal Enterprise Oversight Board to oversee the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association, the Federal Housing Finance Board, the Federal Agricultural Mortgage Corporation, and specified agricultural credit institutions.
Title II: Supervision and Regulation - Directs the Board to establish operating standards for each enterprise, including: (1) management and internal controls; (2) assets and earnings; (3) minimum and insufficient capital; and (4) compensation and benefits.
Requires each enterprise to report quarterly and annually to the Federal Enterprise Regulatory Board.
Directs the Board to appoint examiners to examine the enterprises.
Title III: Miscellaneous Provision - Sets forth the effective date of this Act.
Introduced in House
Introduced in House
Referred to the House Committee on Agriculture.
Referred to the House Committee on Banking, Finance + Urban Affrs.
Referred to the House Committee on Education and Labor.
Referred to the Subcommittee on Conservation, Credit, and Rural Development.
Referred to the Subcommittee on Policy, Research and Insurance.
Referred to the Subcommittee on Housing and Community Development.
Referred to the Subcommittee on Postsecondary Education.
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